The “harmful” Section 301 tariffs on Chinese semiconductor imports “are exacerbating the ongoing chip shortage and slowing our economy,” and they should be eliminated, blogged the Semiconductor Industry Association, following up on Dec. 1 comments urging the Office of the U.S. Trade Representative to reinstate previously extended tariff exclusions. The tariffs, “in their most direct effect,” add 25% to the cost of covered semiconductors, and subsequently contribute to inflationary price increases driven by global shortages and rising demand, said SIA Wednesday. The tariffs “are disproportionately harming the U.S. semiconductor industry and broader U.S. interests, all while failing to put real pressure on the Chinese government to change its unfair trade practices,” it said. USTR didn't comment Thursday.
The U.S. needs to work with global trading allies to find long-term fixes to the supply chain crisis that will transcend future American administrations, Matt Murray, senior bureau official in the State Department’s Bureau of Economic and Business Affairs, told the Global Trade and Innovation Policy Alliance summit in a keynote Dec. 2. “We can’t just look at supply chain issues and say we need to fix it by Christmas because there are these short-term disruptions,” he said.
The U.S. needs to work with global trading allies to find long-term fixes to the supply chain crisis that will transcend future American administrations, Matt Murray, senior bureau official in the State Department’s Bureau of Economic and Business Affairs, told the Global Trade and Innovation Policy Alliance summit in a keynote Thursday. “We can’t just look at supply chain issues and say we need to fix it by Christmas because there are these short-term disruptions,” he said.
The U.S. needs to work with global trading allies to find long-term fixes to the supply chain crisis that will transcend future American administrations, Matt Murray, senior bureau official in the State Department’s Bureau of Economic and Business Affairs, told the Global Trade and Innovation Policy Alliance summit in a keynote Thursday. “We can’t just look at supply chain issues and say we need to fix it by Christmas because there are these short-term disruptions,” he said.
Small satellite-based voice service providers face a big challenge in implementing Stir/Shaken, the Satellite Industry Association said Friday in FCC docket 20-68. It urged an indefinite extension of the deadline for small VSPs to comply with the Stir/Shaken mandate "given the challenging circumstances facing small satellite VSPs, combined with their unique economic, operational, and technical characteristics." SIA said they can't authenticate calls under the standard due to huge reliance on non-North American numbering plan resources for caller ID purposes.
Qualcomm supports “targeted and rule-based export controls” as one of several long-term federal policy recommendations for curing the semiconductor shortage, it said in comments posted Wednesday in docket BIS-2021-0036. Submissions were due Nov. 8 in the Bureau of Industry and Security's request for information to help the secretaries of Commerce and Homeland Security prepare a report to the White House on the chip crunch by the one-year anniversary of President Joe Biden’s Feb. 24 executive order (see 2109230038).
The U.S. announced new, coordinated sanctions this week against a virtual currency exchange for processing ransomware-related transactions, and designated several companies and people for supporting the exchange and “perpetuating” ransomware attacks in the U.S. The Treasury Department’s Financial Crimes Enforcement Network also updated its ransomware payment advisory, which includes new information on ransomware trends.
The industry shipped more semiconductor units in Q3 than during any previous quarter on record, ramping up production to mitigate the global chips crunch, reported the Semiconductor Industry Association Monday. Global sales of $144.8 billion were up 27.6% year over year and 7.4% higher sequentially, said SIA. Year-over-year Q3 sales increased 33.5% in the Americas, and were up 32.3% in Europe, 27.2% in Asia Pacific, 24.5% in Japan and 24% in China, it said.
The industry shipped more semiconductor units in Q3 than during any previous quarter on record, ramping up production to mitigate the global chips crunch, reported the Semiconductor Industry Association Monday. Global sales of $144.8 billion were up 27.6% year over year and 7.4% higher sequentially, said SIA. Year-over-year Q3 sales increased 33.5% in the Americas, and were up 32.3% in Europe, 27.2% in Asia Pacific, 24.5% in Japan and 24% in China, it said.
New draft text of Congress’ Build Back Better Act budget reconciliation bill includes a tax credit to incentivize advanced semiconductor manufacturing, which would help “strengthen” U.S. supply chains, the Semiconductor Industry Association said Oct. 28. The incentive, included in the reconciliation package released by congressional Democrats Oct. 28, would create an investment tax credit of up to 25% for certain “advanced manufacturing facilities” and a tax credit for certain “eligible components.” The credit would specifically be available for “property for the manufacturing of semiconductors and semiconductor tooling equipment” that begins construction before 2027. The package hasn’t yet received a vote.